IMPACT OF IOT ON FINANCE
• Seamless transactions
• Connect health planner/devices to investment
accounts
• Integrated sensing and payment capability in
household appliances
• Insurance could be personalized and made
more flexible
IMPACT OF IOT ON
MARKETING
• Smarter CRM: Instantaneous Customer Analysis
• Better insight into the buying journey and in
which stage of it the customer is
• Real-time interactions, POS notifications and of
course targeted ads
• Display advertising will rely on sophisticated
automation tools
IMPACT OF IOT ON
OPERATIONS
• Use of smart assembly to reduce disconnects
between the manufacturing and enterprise
networks
• Manage the supply chain through location
tracking and monitoring devices
• Cheaper and sustainable manufacturing
• Plant alarm and real-time event resolution
IMPACT OF IOT ON HR
• Monitor worker safety and productivity via
smart devices
• New forms of human-machine collaboration
• Enable managers to gauge social sentiment
among their workers through smart monitoring
• Increase in transparency and predicting
functionality of the employees
CHALLENGES FACED BY THE
IOT
• Sensing a complex environment
• Innovate ways to sense and deliver information from the
physical world to the cloud
• Connectivity
• Variety of connectivity standards to be met
• Power
• Many IOT applications need to run for years
• Security
• Protecting user’s identity and preventing malicious
activity
• Managing very large data volume
OVERCOMING CHALLENGES:
SUGGESTIONS
• Data ownership in distributed network
• Adaptation to IPv6
• New approach for personal data management
• User centric context-aware privacy and privacy policies
• Grow a strong developer ecosystem and let partners,
customers, developers unlock the power of that data
through APIs